EPC (Engineering, Procurement, and Construction) contracts are the most favored contract type in the private sector when it comes to undertaking complex infrastructure projects. An EPC contractor provides end-to-end consultancy and construction services.
EPC contracts are also known as Turnkey Contracts as the project owners just have to turn the key once they float an EPC tender. Thereafter, it is the responsibility of the contractor to complete the project as per the agreed terms and conditions.
Advantages of EPC contracts
Here are some advantages of an EPC contract.
- A single point of contact & responsibility
- Fixed contract price & completion date
- Performance guarantee
- Project security
- Caps on liability
15 Largest EPC firms in the world (By Revenue)
This list is a comprehensive analysis of the largest EPC companies in the world. It provides detailed information on the top EPC contractor in the world by revenue and their financial performance, along with their services, operations, and key projects.
CHINA STATE CONSTRUCTION ENGINEERING CORP LTD
Key Information
|
Incorporated |
2007 |
|
Headquarters |
Zhongjian Fortune Intl Center Bldg 3 Yard 5 An'ding Road Beijing, 100029, China |
|
No of employees |
368327 |
|
Revenue |
USD 293.2 Billion |
|
Market cap |
USD 27.41 Billion |
CHINA STATE CONSTRUCTION ENGINEERING CORP LTD (CSCECL) is the listed public company of China State Construction Engineering Corporation – the biggest construction company in the world by revenue. CSCECL is also among the world's top 10 largest General Contractor firms. Headquartered in Beijing, China, the company operates in Asia-Pacific, Europe, Africa, the Middle East, and North America.
The company’s main services include
- Engineering
- Building construction & contracting
- Urban development
- Real estate investment and development
- Infrastructure construction and investment
- Project management
- Design and survey; Equipment manufacturing & leasing
- Construction financing services
The EPC company has built more than 90% of the skyscrapers above 300 meters in China. Moreover, the company is credited with having built three-quarters of the airports, half of the Nuclear power plants, three-quarters of the satellite launch bases, and one-third of the urban utility tunnel infrastructure in China.
Key Projects
- Daxing International Airport, Beijing
- Federation Tower, Tower A (Ostturm), Moscow
- Shanghai World Financial Center, Shanghai
- One Thousand Museum, Miami, United States
- New Hindiya Dam, Iraq
CHINA RAILWAY GROUP LTD
Key Information
|
Incorporated |
2007 |
|
Headquarters |
Block A, China Railway Square No.69, Fuxing Road Haidian District Beijing 100039, China |
|
No of employees |
282,256 |
|
Revenue |
USD 150.8 Billion |
|
Market cap |
USD 18.06 Billion |
China Railway Group Limited (“CREC” for short) is a giant construction and engineering conglomerate in China. The company is primarily engaged in engineering survey, design and construction, real estate development, industrial equipment manufacturing, resources and mining development, and financial investment, among other fields.
As one of the world’s largest EPC contractors, CREC has made it to the Fortune Global 500 companies list for 17 consecutive years, including 2022.
CREC has built over two-thirds of all railways in China, including 9 out of 10 electric railways projects. Moreover, it has constructed one-eighth of all expressway projects and around 60% of urban rail transit projects in China. It is also closely associated with the Belt and Road Initiative (BRI) projects across China and its neighboring East and South-East Asia countries.
The company’s main services include
- Railways & Highways
- Municipal facilities
- Housing and buildings
- Urban rail transits
- Water conservancies
- Hydropower stations
- Airports, Harbors & Docks
Key Projects
- Chengdu-Chongqing Expressway
- Chengdu Metro Line 3 Project
- Hanoi Metro Line 2A, Vietnam
- Jakarta-Bandung High-speed Railway, Indonesia
- Tel Aviv Light Rail (Western Segment) in Israel
CHINA RAILWAY CONSTRUCTION CORP LTD
Key Information
|
Incorporated |
1948 |
|
Headquarters |
East Yard No. 40, Fuxing Road, Haidian District BEIJING, 100855, China |
|
No of employees |
261333 |
|
Revenue |
USD 148.3 Billion |
|
Market cap |
USD 12.53 Billion |
China Railway Construction Corporation Limited provides transportation infrastructure construction services. The Company constructs railways, highways, urban tracks, and other infrastructure projects. China Railway Construction also provides real estate development and materials trading services.
The Company is also engaged in industrial manufacturing, real estate development, logistics, and materials trading businesses, as well as the provision of survey, design, and consulting services. The Company mainly operates its businesses in domestic and overseas markets.
Key Projects
- Beijing–Shanghai High-Speed Railway
- Troitskaya line, Moscow Metro
- Algeria East–West Highway
- Ankara-Istanbul high-speed railway
- Lusail Stadium, Qatar (FIFA world cup, 2022 final to be played in this stadium)
CHINA COMMUNICATIONS CONSTRUCTION GROUP LTD
Key Information
|
Incorporated |
2005 |
|
Headquarters |
No.85 Deshengmenwai Street, Xicheng District, Beijing, 100088, China |
|
No of employees |
118,000 |
|
Revenue |
USD 98.1 Billion |
|
Market cap |
USD 13.58 Billion |
China Communications Construction Company, Ltd. (CCCC) is a Chinese multinational engineering and construction company, engaged in the design, construction and operation of heavy infrastructure assets.
The company’s main services include
- Civil infrastructure projects (Highways, subways, high-speed railways, bridges, tunnels, airports)
- Oil platforms
- Marine ports
CCCC has been a contractor for numerous Belt and Road Initiative projects in China and other South East Asia countries.
Being one of the largest port design and construction companies in the world, it has 7 of the top 10 ports in the world in its portfolio. It operates through more than 60 subsidiaries.
Key Projects
- Shanghai Yangshan Port
- Ashdod Port Project in Israel
- Beijing-Xiong'an Intercity Railway
- Malaysia's East Coast Rail Link
- Macau International Airport
- Shanghai Pudong International Airport
POWER CONSTRUCTION CORP OF CHINA
Key Information
|
Incorporated |
2009 |
|
Headquarters |
22 Chegongzhuang West Road, Haidian District, Beijing 100048, China |
|
No of employees |
132,583 |
|
Revenue |
USD 64.2 Billion |
|
Market cap |
USD 14.55 Billion |
Power Construction Corporation of China, branded as Power China, is a wholly State-owned company consisting of 779 subsidiary companies. It is a part of the heavy and civil engineering construction industry in China that also undertakes numerous power projects outside China, especially the BRI countries through its overseas brands such as SEPCO, Hydro China, and Sinohydro.
The company’s main services include
- Power generation
- Power transmission
- Renewable energy
- Heavy engineering
- Civil engineering
Key Projects
- Nam Ou river cascade dams, Laos
- Dau Tieng Solar Power Project, Vietnam
- Melaka Gateway, Malaysia
- Lamu Coal Power Station, Kenya
- Ayago Hydroelectric Power Station, Uganda
- Merowe Dam, Sudan
CHINA METALLURGICAL GROUP CORP
Key Information
|
Incorporated |
1982 |
|
Headquarters |
No.28 Shuguangxili, Chaoyang, Beijing China |
|
No of employees |
282,256 |
|
Revenue |
USD 74.57 Billion |
|
Market cap |
USD 7.89 Billion |
China Metallurgical Group Corporation (MCC) is a Chinese state-owned EPC company. Apart from construction, the company is involved in natural resources exploitation, papermaking, equipment fabrication, real estate development, and infrastructure projects.
The company’s main services include
- Metallurgical construction
- Housing construction
- Municipal utility construction
- Electrical and mechanical installation & works
- Mechanical engineering
- Electronics & power supply
- Petroleum & Chemicals
- Geotechnical engineering
MCC is one of China's leading equipment manufacturers and the only state-owned corporation authorized to operate pulp and paper mills in China and abroad.
Key Projects
- Jinchuan Nickel Mine
- WISCO Jinshandian Iron Mine Project
- Weinan Jinduicheng Molybdenum Minerals Project
- Dexing Copper Mine Project
- Benxi Iron & Steel Nanfen Open Iron Mine Project
VINCI SA
Key Information
|
Incorporated |
1899 |
|
Headquarters |
1973 bd de la Défense CS 10268 92757 Nanterre Cedex – France |
|
No of employees |
217,731 |
|
Revenue |
USD 54.35 Billion |
|
Market cap |
USD 46.61 Billion |
VINCI SA is a French construction and contracting company founded in 1899. The company designs, builds, finances, and manages facilities for transport systems, private buildings, and civil infrastructures like water, energy, and communication networks. The company operates through the following business segments: Concessions and Contracting.
The Concessions segment develops and operates motorways, transport infrastructures, and public facility concessions. The Contracting segment includes electrical and engineering, information and communication technology, heating, ventilation, air conditioning, insulation, building and maintenance of roads and motorways, production of road-building materials, urban infrastructure, environmental work, and demolition and recycling.
Key Projects
- Atlantic Bridge, Panama
- Gariep Dam, South Africa
- Grand Paris Express
- Cebu bridge, Philippines
- The Femern Tunnel
SHANGHAI CONSTRUCTION GROUP CO LTD
Key Information
|
Incorporated |
1994 |
|
Headquarters |
No.666, Daming Road (E), Shanghai, 200080, China |
|
No of employees |
51,369 |
|
Revenue |
USD 33.9 Billion |
|
Market cap |
USD 3.2 Billion |
Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company ranked as the 16th largest construction company in the world.
SCG possesses core technologies in the construction of highrise buildings, large bridges, light railways, public culture & sports facilities, large industrial plants, major environment protection projects &, etc. At the same time, SCG has also completed about 100 landmark projects in more than 30 overseas countries and regions.
Key Projects
- Construction projects and mining in Eritrea
- 12,000 housing units for the Tanzanian Peoples’ Defence Force
- Sewage tunneling project in Edmonton, Canada
GREENLAND INFRA CONSTRUCTION GROUP CO LTD
Key Information
|
Incorporated |
1992 |
|
Headquarters |
No. 700, Dapu Road, Huangpu District, Shanghai, 200023 |
|
No of employees |
79,999 |
|
Revenue |
USD 64.58 Billion |
|
Market cap |
USD 5.4 Billion |
Founded in October 2014, the Group is a large comprehensive enterprise affiliated with Greenland Group. Its business scope covers metro construction, urban infrastructure construction, other industrial and civilian project construction, real estate development, environmental protection, the industry of the Internet of Things, equity investment, industrial capital investment, etc.
The construction and investment fields of the Group cover various industries and categories across the nation, including large-scale residential blocks, large-scale bridges, expressways, high-rise civil architecture, CBD (central business district), high-end office buildings, hospitals, schools, stadiums, large-scale factory buildings, rail transits, etc., and the projects the main regions across the nation.
Key Projects
- Zhengzhou Greenland High-speed Rail Station Square
- Zhengzhou International Conference and Exhibition Center
- Nanxiang Station
- Nanchang Urban Redevelopment Project
- The BOTANIKA Project, Malaysia
ACS SA
Key Information
|
Incorporated |
1997 |
|
Headquarters |
Avenida de Pío XII, 102, Madrid, Spain |
|
No of employees |
122,502 |
|
Revenue |
USD 28.98 Billion |
|
Market cap |
USD 5.73 Billion |
ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA, better known as ACS SA, is a Spanish multinational construction company, dedicated to civil and engineering construction, and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world. The group has a presence in Germany, India, Brazil, Chile, Morocco, Australia, and the US through its subsidiary Turner Construction.
The company’s main services include
- Civil Works
- Building Works (Residential & Social Infrastructure)
- Mining Services
Key Projects
- Alqueva Dam, Portugal
- Palau de les Arts Reina Sofia, Valencia, Spain
- Torre Agbar, Barcelona, Spain
- LGV Perpignan–Figueres high-speed rail line between Spain & France
- Portugués Dam, Puerto Rico
BOUYGUES SA
Key Information
|
Incorporated |
1952 |
|
Headquarters |
32 Avenue Hoche, Paris, Ile-de-France, 75378 |
|
No of employees |
124,600 |
|
Revenue |
USD 37.5 Billion |
|
Market cap |
USD 9.81 Billion |
Bouygues SA (Bouygues) is a French industrial group that operates in the construction, real estate development, media, and telecommunication markets. It carries out construction contracts for roads, airport runways, seaports, industrial infrastructure, parking areas, recreational facilities, and electrical and civil work developments.
The company also develops residential, commercial establishments, and retail parks; and produces and recycles construction materials such as aggregates, asphalt mixes, bitumen, ready-mix concrete and emulsions, and binders. Bouygues operates television channels and telecommunication networks and offers broadband services to its customers. The company has an operational presence across Europe, Africa, the Middle East, the Americas, and Asia-Pacific.
Key Projects
- Musée d'Orsay, Paris
- Port of Miami Tunnel, Miami
- Iqaluit Airport terminal, Nunavut, Canada
- Singapore Sports Hub, Singapore
- LRT Line 1 Cavite Extension, Manila
HOCHTIEF AG
Key Information
|
Incorporated |
1873 |
|
Headquarters |
Block A China Railway Square No.69, Fuxing Road Haidian District Beijing 100039, China |
|
No of employees |
282,256 |
|
Revenue |
USD 22.33 Billion |
|
Market cap |
USD 3.43 Billion |
Hochtief AG is a German construction company based in Essen, North Rhine-Westphalia, Germany. Hochtief is Germany's largest construction company and operates globally, ranking as one of the largest general construction companies in the United States through its subsidiary EPC firm Turner Construction and in Australia through a 90% shareholding in CIMIC Group. In 2010 it employed more than 70,000 employees across five corporate divisions. One of these, Hochtief Concessions, is a major airport operator. The others are involved with construction project planning, finance, construction, and operation.
Hochtief Asia Pacific covers construction activities in Asia and Australia involving building, infrastructure, and contract mining projects, and Hochtief Europe conducts construction projects in Europe and select regions worldwide, involving real estate and transport infrastructures, such as tunnels, bridges, airports, marine ports, and sports stadiums.
Key Projects
- Expansion of King Khalid International Airport, Riyadh
- Athens International Airport, Greece
- King Abdulaziz International Airport, Jeddah
- Bosphorus Bridge, Turkey
- Dnipro Stadium, Ukraine
CHINA ENERGY ENGINEERING CORP LTD
Key Information
|
Incorporated |
2011 |
|
Headquarters |
Building 1, No. 26A West Dawang Road, Chaoyang District, Beijing, the PRC |
|
No of employees |
282,256 |
|
Revenue |
USD 44.9 Billion |
|
Market cap |
USD 11.3 Billion |
China Energy Engineering Corp Ltd is a multinational conglomerate that primarily operates in engineering design and construction through its subsidiaries such as China Gezhouba Group Corporation (CGGC), Electric Power Planning & Engineering Institute (EPPEI), China Power Engineering Consulting Group Corporation (CPECC), China Energy Equipment Co Ltd, and the Engineering and Construction Department.
The company’s main services include
- Power generation and transmission
- Infrastructure
- Energy
- water conservancy & affairs
- Railways & highways
- Ports & navigation channels
- Municipal engineering
- Urban rail,
- Industrial planning and consulting
- Survey and design
- Equipment manufacturing
Key Projects
- Turkey – 1000MW Egirdir Pumped Storage Plant Project
- Vietnam – Ninh Thuan Jung Thanh Wind Power Project
- China-Zhuhai Jinwan offshore wind farm
- China – Fujian Fuqing Nuclear Power Plant
- Cambodia – 200 MW HFO/LNG Power Plant
LARSEN & TOUBRO LIMITED
Key Information
|
Incorporated |
1938 |
|
Headquarters |
L&T House, N.M. Marg, Ballard Estate, Mumbai, 400001, India |
|
No of employees |
337,994 |
|
Revenue |
USD 11.44 Billion |
|
Market cap |
USD 31.31 Billion |
L&T construction is one of the 5 largest EPC contractors and construction companies in the world. Headquartered in Mumbai, India, the multinational conglomerate company operates in diverse sectors including engineering, construction, manufacturing, technology, information technology, and financial services.
The company’s main services include
- Industrial and Civil Buildings
- Municipal Works
- Metro
- Expressway
- Gardening and Landscaping
- Deep Foundation
- Long-distance Pipeline Works
Key Projects
- Mumbai International Airport
- Riyadh Metro
- Motera Cricket Stadium (Largest Cricket Stadium in the world)
- Statue of Unity
- Dhaka Metro
BALFOUR BEATTY PLC
Key Information
|
Incorporated |
1909 |
|
Headquarters |
5 Churchill Place, Canary Wharf, London E14 5HU |
|
No of employees |
24,541 |
|
Revenue |
USD 11 Billion |
|
Market cap |
USD 1.4 Billion |
Balfour Beatty is a Uk-based multinational infrastructure group with business verticals in construction services, support services, and infrastructure investments. The company was ranked the biggest construction company in the United Kingdom in 2021.
The company’s main services include
- Civil Engineering
- Ground Engineering
- Highway Services and Asset Management
- Construction
- Mechanical & Electrical Engineering
- Railway Engineering
- Project Financing
Key Projects
- Whitechapel Station, Elizabeth Line, London
- Silver Jubilee Bridge, Runcorn
- Surface Drainage Works, Inverness Airport
- M+ Museum, Hong Kong
- Hong Kong International Airport Terminal 2 Expansion Works
Other notable EPC companies in the world
Some other large construction companies operating in the EPC market are:
USA
- Fluor Corporation
- Matrix Service Company
- Kiewit Corporation
- DPR Construction
United Kingdom
- Morgan Sindall
- Galliford Try
Europe
- Técnicas Reunidas
- Saipem
- Strabag
South Korea
- Samsung Engineering
- SK Engineering
India
- Hindustan Construction Company
- Tata Power
- Gammon India
- Punj Lloyd
To know more about the construction industry, the major players, and other important information, check out our Global Projects and Tenders Tracker.
